Archive for May, 2010

Product Description
Intellectual property, the product of creative and hard working people, needs to be protected in ways that allow creative people to benefit from their efforts. Engineers create and use intellectual property and manage knowledge to their own benefit, as well as to the benefit of their company and society at large. To help engineers understand intellectual property issues, the Committee on Issues Identification, of the Council on Public Affairs of ASME International, … More >>

Intellectual Property: A Guide for Engineers

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Modest median price gains in new and existing homes, a stable interest rate on the 30-year fixed mortgage, decreased housing starts and a stable unemployment rate are some of the features of the 2007 housing forecast provided by major trade group economists as reported by The Inman News.

NAR chief economist David Lereah expects new-home sales to fall from 1.07 million units sold in 2006 to 975,000 units in 2007, which is an 8.7% decline. He cites decreased new home construction as a large contributing factor to this change. The median new home price of $238,400 in 2006 is expected to increase by 1.3 percent to $241,400 in 2007.

NAR also predicts that existing home sales figures for 2006 to end around 6.47 million units, which is an 8.6% decline from 2005. The 2007 forecast for existing home sales is 6.43 million units. The median price of existing homes in 2006 was $223,700 and is expected to increase 1.7% to $227,500 in 2007.

Doug Duncan, chief economist for the Mortgage Bankers Association predicts the interest rates on 30-year fixed mortgages to stay around 6.5 percent, but mortgage originations to fall 14% to $2.1 trillion.

While Lereah predicts that the unemployment rate to stay at 4.7 percent, Duncan takes it higher and believes it may reach 5.2 percent by midyear 2007. However, he concurs with Lereah in predicting modest home price gains in new and existing homes for the coming year.

The housing forecast of The National Association of Home Builders (NAHB) is in line with NAR and the Mortgage Bankers Association. According to David Seiders, Chief Economist at NAHB, the year 2007 will see the housing market re-adjust itself once the housing demand stabilizes, leading to a healthy balance between supply and demand.

Looking at the state level, the California Association of Realtors (CAR) projects that the median price of California homes will end 2006 around $560,700, and will decline in 2007 to $550,000 — a 1.7% drop. The number of units sold in California will end 2006 around 481,200, and is projected to decrease 447,500 in 2007. CAR predicts that the unemployment rate will stay around 5.1 percent, although interest rates on the 30-year fixed mortgage may hover around 6.7 percent in 2007.

The overall housing forecast for 2007 made by these four major real estate trade groups is not at all bad. Home buyers and investors planning to go ahead with their real estate activities can fare better with the help of a good real estate agent.

• U-zip pocket Front zip pocket Protective cover
• Top, side and bottom carry handles Telescoping handle
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This is a larger wheeled packing case that offers both an expandable (2″) main compartment and a removable garment cover with carry handle. Made from Tumi’s signature ballistic nylon with vachetta leather trim, this case has interior and exterior organizer pockets and a protective cover to use when storing…. More >>

Tumi Style: 24025D Townhouse Church 25″ Wheeled Packing Case

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This digital document is a journal article from Government Information Quarterly, published by Elsevier in 2006. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
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Book review of Secrets of Intellectual Property: A Guide for Small and Medium-sized Exporters

MUMBAI (Reuters) – Godrej Industries Ltd chairman Adi Godrej said on Tuesday the group’s real estate unit, Godrej Properties, will file papers for an initial public offer with the markets regulator in “a few days”.

“We will file the prospectus with SEBI (Securities and exchange Board of India) in a few days,” Godrej told television channel CNBC-TV18. “We will be diluting about 10 percent stake.”

The company is currently developing about 20 million sq ft in Mumbai, Pune, Kolkata, Bangalore and Hyderabad.

Indian real estate firms, hit by surging land costs and curbs on bank funding, have rushed to the capital market as they expand to cash in on an urban real estate boom.

In 2007, real estate firms mopped up a third of all funds raised through public offers in India. Twelve real estate firms raised 151.85 billion rupees, including the country’s largest real estate firm DLF, which raised $2.25 billion.

• ISBN13: 9780940352162
• Condition: USED – VERY GOOD
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How to Succeed in Commercial Real Estate is a comprehensive, practical book for those considering entering the field of commercial real estate, those just beginning in the business, as well as experienced brokers and sales managers who want to evaluate and strengthen their current strategies—especially those related to listings, negotiations, contracts, and sales. The author provides a straightforward overview of the business of selling commercial property, in… More >>

How to Succeed in Commercial Real Estate

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London Property Guide: For Buyers, Sellers and Owners of Homes in London

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In the fifth edition of Intellectual Property in the New Technological Age, luminary authors Merges, Menell and Lemley continue to offer broad, accessible coverage of the full range of legal protections for intellectual property. Including seminal and cutting-edge cases and materials, this landmark casebook incorporates practice problems that encourage students to think like practitioners. Timely and forward thinking, the authors of Intellectual Property in the … More >>

Intellectual Property in the New Technological Age: Fifth Edition

• ISBN13: 9780446694117
• Condition: USED – GOOD
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Real Estate Advantages is for first-time as well as seasonedreal estate investors.It reveals the tax and legal loopholes availableand most important, how they can be used together to not only maximize yourincome–but accelerate your income from real estate investing.SharonLechter and Rich Dad’s Advisor Garrett Sutton team up for the first time todeliver practical, proven strategies and formulas–from the perspective ofsuccessful investors, CPAs and asset protection … More >>

Rich Dad’s Real Estate Advantages: Tax and Legal Secrets of Successful Real Estate Investors

There are many types of Philippines properties for sale in the market today, and majority of which are residential real estates. Other than houses, condominiums and townhouses have also become popular in the Philippines, mainly because of its many benefits as well as advantages.

Although houses are still considered as the most favorable type of housing in the Philippines, many of today’s Filipinos have come to decide living in a townhouse or a condominium. So what are the reason why Filipinos have chosen to buy a townhouse or a condo over the conventional house?

Advantages of townhouses
One apparent reason for a townhouse’ popularity in the Philippines is its luxurious lifestyle. Many of today’s Filipinos have come to love living in these kinds of housing mainly because of its luxurious designs and styles. Another reason for its popularity is that most townhouses may cost as much as buying a house. However, there are new types of townhouses that offers more luxury than those found in the suburbs. These new types of Philippines properties for sale are known as townhouse complexes.

Townhouse complexes are a type of townhouse which are mostly found in provincial areas, usually siting in a wide expanse of land. However, what made it more popular is because of its amenities such as swimming pools, gyms, and recreational parks. The disadvantage, however, is that most of these townhouse complexes are expensive.

Advantages of condominiums
Condominiums, compared to townhouses, have only been recently introduced in the market. However, condominiums quickly became popular and in-demand for many Filipinos which led to its rapid increase in the market. What made it popular is that most condominiums are found in major business districts as well as commercial areas. This gives its residents the luxury of being within walking distance or mass transit distance to their workplaces as well as popular recreational areas.

However, other than these types of condominiums, a number of new Philippines properties for sale have also been introduced in the market. These types are known as condominium complexes. Condominium complexes are similar with townhouse complexes in terms of amenities as well as its location. The difference is that condominium complexes are usually more affordable than townhouse complexes. 
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Turkey has developed a reputation as a value-for-money destination, helping to boost the country’s popularity as a property investment destination. Spurred by relatively cheap property prices, demand for Turkey property is growing.

Weak Turkish currency

A recent report from the Post Office named Turkey as one of the world’s most affordable places for Brits’ to visit, due to sterling’s strength against the Turkish lira. Yet, the Turkish currency is expected to fall in value in 2009, according to Deloitte Turkey, making already low property prices even more affordable.

“It (the Turkish lira) started the year (2009) relatively weak due to a 200 basis point interest rate cut by the Turkish Central Bank,” says Homes Overseas’ Percy Pound.

Robert Nixon, executive director, Nirvana International, comments: “From a British buyers perspective the purchase of property in Turkey is a wise move in the current economic climate as it is outside the eurozone and therefore your pound goes further.”

Turkey, which now attracts around 25 million tourists each year, was last year named number one holiday destination for British tourists. Nonetheless, international visitor numbers to Turkey are expected to rise further this year. Travel association body, ABTA, predicts that Turkey will be one of two “big growth areas” in 2009, along with Egypt.

The economy

The Turkish economy, which is partly and unsurprisingly reliant on tourism, appears to be well equipped to withstand the current global financial calamity, after recovering from its own crisis in 2001.

A levelling up situation – wage inflation, growing prosperity and access to less constrained mortgage finance – is driving greater domestic and international demand for properties in Turkey.

Mortgages in Turkey were introduced in 2007, enabling buyers under the age of 75 to borrow up to 80 per cent of the property’s value for a maximum term of 20 years, according to Eric Kaya, director of Cumberland Properties. Mortgage borrowing rates currently start from around 5.8 per cent.

Kaya says that the previous inability to obtain mortgages was “stifling demand, preventing people from buying property and holding our (Turkey’s) economy back. The new mortgages that are now available are good news for both Turkish and overseas buyers.”

He adds: “Prices of property in Turkey are a lot cheaper than much of the rest of Europe” and this presents “a lot of opportunities for investors to make very good returns from property.”

The Turkish Statistical Institute shows that there are now around 73,000 overseas nationals registered with Turkey’s Land Registry, many of who will have benefited from recent capital growth.

Property price growth

Estate agent, Aston Lloyd, reports that average Turkish property prices appreciated by 7.3 per cent between 2004 and 2008. Given Turkey’s economic strength, combined with a general housing shortage, hopes of joining the European Union and a maturing mortgage market, Turkish property prices should strengthen further moving forward.

However, there are signs that property price growth may slow across some parts of the country or even depreciate in the short-term, as the worlds’ economy all but grinds to a halt.

Economic caution

Despite the country’s seemingly strong economic position, Turkey’s economy will potentially face a tough year in 2009, having made around £51 billion of financial obligations, according to Deloitte Turkey in its Economic Outlook 2008.

This means that the country will need to raise money in financial resources to cover a current account deficit and matured debt, according to the report. Consequently, an agreement with the International Monetary Fund will be vital to help produce these funds.

Nevertheless, the medium to long-term outlook for Turkey’s economy looks positive, which should in turn benefit the country’s maturing housing market.

Turkish news provider Hurriyet estimates that the rapid growth of the country’s tourism industry will contribute to a property boom in 2010, while investment banking firm Goldman Sachs estimates that Turkey will become the world’s ninth largest economy by 2050.

Where to buy

Istanbul
With a rapidly growing young population of over 10 million inhabitants, developers are whipping up new residential units across the city to meet growing demand for homes.

Prices of property in Istanbul reportedly jumped annually by up to 40 per cent between 2002 and 2005, after a law was introduced, permitting foreign nationals to purchase property in Turkey in their own name. Although capital growth in the city has since slowed, there are signs that prices of Istanbul property will continue to appreciate moving forward, especially as the city will be crowned European Capital of Culture for 2010.

Furthermore, some of the greatest rental yields in Turkey can typically be found in Istanbul, with an average rental return of 7.54 per cent currently achievable, according to the Global Property Guide.

Nixon says: “The rental market [in Turkey] is very good and being fuelled by the continued popularity of Turkey as a summer holiday destination, as well as by local demand, particularly in Istanbul,

“There is excellent potential for long-term lets to professionals [in Istanbul],” says Nixon. “Such is the confidence in the letting sector that many developers operating in Turkey offer rental guarantees. We are currently selling property with a 5-year rental guarantee at 9.5 per cent”.

Bodrum

Away from Istanbul the Turkish government is making significant investment in infrastructure improvements, particularly in places like Bodrum, located along the Aegean coastline, in southwest Turkey. This popular yachting and tourist hub attracts an estimated 70 per cent of all tourists that visit Turkey each year.

Cumberland Properties is currently marketing a luxurious gated development in the region, Seaview Regency, which features 19 contemporary three-bedrooms, three-bathroom, detached and semi-detached villas situated on a hillside overlooking the bay of Kucukbuk. Prices for  Bodrum property here start from £165,000.

Altinkum

A cheaper alternative to Bodrum is Altinkum, located 75 minutes from Bodrum airport, where prices for new-build property in Altinkum start from under £20,000.

Kusadasi

Before Bodrum was the most popular holiday home destination in Turkey, Kusadasi, situated to the west of Turkey, was originally the most popular destination for British tourists visiting Turkey, during the 1990′s. However, the region’s popularity with Brits’ fell after most flights from the UK were redirected to Bodrum, due to cheaper landing costs.

“Enquires from Brits’ for homes in Kusadasi have risen substantially in recent months,” says Tracey Ogretici of Elite Homes Turkey. “The fact that property prices in the area are not over inflated, with new-build units starting from just £30,000, means that an investment in property in Kusadasi is a safe one, as homes are not likely to fall in value.”

Belek

Golf is seen as a major catalyst for attracting more tourists and second homeowners to Turkey. With mass infrastructural improvements taking place and the prospect of up to 15 new local golf courses, Belek is a highly sought after area to own property.

Set in Turkey’s Antalya Province on the southern Mediterranean coast just 20 minutes from the Antalya international airport, this year-round destination offers a range of attractive beaches, as well as archaeological sites, such as museums and bazaars. New-build property in Belek currently start from under £60,000.

Alanya
Although the overall standard of accommodations in Alanya, which is also situated in the Antalya Province, remains somewhat inadequate, attempts are being made to improve build-quality.

“We expect branded developers to start building property in Alanya City over the next few years,” says Ali Pusat of prominent construction firm Koray. “Alanya has the potential to replicate Spain’s property success, without the oversupply of homes.”

Koray has joined forces with developer BPI to build the Hill, located in Konakli, Alanya. Apartment prices at the hillside development, which will feature a selection of modern one to three-bedroom properties in Konalki, a stone’s throw from the beach, start from £89,000.

 

Amongst some of the other popular choices are: property in Marmaris, property in Fethiye, property in Dalaman, and property in Dalyan.

Summary

With a number of low-budget airlines now flying into Turkey, a burgeoning property market, a strengthening economy, and plans to join the European Union, the ingredients seem right to buy into Turkey’s residential property market – whether for investment or personal reasons.

However, despite all the positives, Turkey still lacks transparency. Tales of corruption and rogue housebuilders are not uncommon, and so it is necessary to approach any purchase of Turkey property with caution. Ensure that you seek independent legal advice and conduct appropriate due diligence before committing to buying a house in Turkey.

Mayor Robin Gardner welcomes Fall Properties www.FallProperties to the City of Falls Church, Virginia. Brief commentary from Mayor Gardner and Laura Fall about the welcoming business opportunities presented by the City of Falls Church. Recorded at the Fall Properties Ribbon Cutting Ceremony, May 29, 2010. Falls Church City, Virginia.

• ISBN13: 9780814473191
• Condition: USED – VERY GOOD
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One of the best-selling real estate career books of all time is back and better than ever! Your Successful Real Estate Career has long been the bible for countless aspiring real estate professionals. The book takes readers through the many opportunities and challenges they’re likely to face, so they know what to expect and how best to succeed. Now updated and expanded, the fifth edition of this indispensable resource offers all-new research and up-to-the… More >>

Your Successful Real Estate Career